An election result in the United States and strong gains in the S&P/ASX 200 index have the year’s big initial public offering contenders back on track, after a week spent twiddling their thumbs.
Brookfield’s Dalrymple Bay Infrastructure finally nailed QIC Ltd as a cornerstone backer – as we revealed on Monday – although it downsized its IPO to about $650 million for a $1.3 billion equity value.
Meanwhile, Nuix has asked a bunch of funds to sharpen their pencils and bid for stock in a secret bookbuild on Wednesday, after a two-week cornerstone marketing program.
Elsewhere, we look at the big infrastructure and strategic types lining up for SingTel Optus’ Australian mobile phone towers, and reveal a management buyout at L1 Capital and Jamieson Coote Bonds investor Channel Capital.
Happy reading,
Sarah Thompson, Anthony Macdonald and Tim Boyd Street Talk Editors
